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According to reports, Japan plans to introduce a new five-year residence visa for angel investors and venture capitalists in a bid to attract startup capital, making it easier for foreign investors to live and work in the country while also providing local The aim is to support the growth of startups. Nikkei Asia.
The new investment visa can be issued as early as next fiscal year, starting in April 2024, and will apply to Japan’s 13 National Strategic Special Zones.
Details of the eligibility requirements have not yet been released, but reports suggest that the eligibility requirements will include provisions regarding the investor’s track record and net worth, and that the government plans to model the program after successful programs in other countries. It is suggested that Japan’s Financial Services Agency will be responsible for administering the new program.
The introduction of the angel investor visa follows other recent moves by Japan to attract skilled foreign talent. The country is actively courting foreign investors and entrepreneurs to stimulate an economy that is being squeezed by demographics.
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As Japan’s population ages and declines, the government views foreign workers, entrepreneurs and investors as essential to maintaining the economy’s vitality and competitiveness. But critics say the country still lags behind other developed countries in the proportion of expatriates and needs to do more to create a welcoming environment for international talent and investment. There is.
Last year, the government adopted a policy allowing foreign entrepreneurs to stay for two years. without it It is even possible to invest or maintain a fixed business establishment in Japan on the basis of a so-called business manager residence permit. Initially, this visa required him to make an upfront investment of 5 yen (approximately 33,000 USD) and a registered office in Japan. Recognizing that many early-stage companies experience negative cash flow in the first few years, Japan waived office space and investment requirements for the first two years.
The new angel investor visa could be an important step toward making Japan a more attractive destination for global startup capital. However, the impact will depend on the specifics of the system and the overall ease of doing business in Japan for foreigners.
According to IMI’s citizenship catalog, Japan is also one of the most open countries in Asia regarding naturalization of foreigners. The country’s nationality law allows foreigners who have lived in the country for at least five years (three years if married to a Japanese national) to apply for citizenship. This will allow successful angel investors to apply for naturalization after a five-year residency period. However, please note that dual nationality is not allowed in Japan.
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Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 online and offline magazine on residence and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and author on the subject of investment immigration, and his work has been cited in The Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the past 16 years in the United States, China, Spain, and Portugal.
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